Mumbai, March 28: The BSE Sensex bounced back by 318 points on Thursday, closing at 77,606.43, driven by strong performances from blue-chip stocks like HDFC Bank, Reliance Industries, L&T, and Bajaj Finance, amid continued foreign fund inflows. The market’s positive movement coincided with the expiry of monthly derivative contracts.
At one point during the day, the Sensex rose by 459 points, peaking at 77,747.46, while the NSE Nifty gained 105.1 points to finish at 23,591.95. Key stocks contributing to the rally included Bajaj Finserv, IndusInd Bank, NTPC, Larsen & Toubro, UltraTech Cement, Adani Ports, Bajaj Finance, Power Grid, Zomato, SBI, and Titan.
However, auto stocks saw a decline, particularly Tata Motors, which dropped over 5.5% after US President Donald Trump announced a 25% tariff on imported cars. Other sectors like pharmaceuticals and telecom also faced challenges, with Sun Pharma, Kotak Mahindra Bank, Bharti Airtel, HCL Tech, and Mahindra & Mahindra underperforming.
Vinod Nair, Head of Research at Geojit Investments, noted that domestic markets remained optimistic throughout the day, ed by consistent foreign inflows and strong buying in top stocks. Despite setbacks in the auto and pharma sectors, the broader market showed resilience, backed by expectations of strong earnings growth in FY26 due to easing inflation and falling interest rates.
Foreign Institutional Investors (FIIs) were active, purchasing equities worth ₹2,240.55 crore on Wednesday, further fueling the market’s recovery.
